Do not fear callbacks; periodic pullbacks are a normal state. Coinciding with the negative PPI data, the market is taking profits. The teaching chain believes the low point is between 115500-116500, which is a significant support level combined with the 0.618 position nearby, likely forming strong support. The teaching chain still believes it is possible to accumulate long positions at the three nodes of 117000, 116500, and 115500. For Ethereum, a trade can be made at 4400-4450, and if it retraces near 4000, another position can be added. Ethereum's volatility is significant; opinions may vary!

Technically, a correction is also needed. The MACD shows a very obvious daily top divergence. The market dipped sharply, and small losses are acceptable, but there’s no need for large losses. Brothers, set your limits carefully; do not chop wood for a thousand days just to burn it in a single day. Significant drawdowns require time to digest; focus on support moving forward!